Brief Overview of the PA PIT Withholding Requirement When PA-Based Companies Make Payments to Non-PA-Based Contractors PA 72 P.S. §7316.2 Withholding Requirement PA 72 P.S. § 7316.2 … [Read more...] about PA REQUIRES PA COMPANIES TO WITHHOLD PA PERSONAL INCOME TAX ON PAYMENTS MADE TO NON-PA BASED CONTRACTORS
PA DEPT. OF REVENUE NOT REFUNDING TAXES WITHHELD
Taxes Withheld May Not be Refundable in PA Real Life Scenario #1 You put in your retirement papers to start receiving pension benefits or you decide to withdraw IRA retirement monies. … [Read more...] about PA DEPT. OF REVENUE NOT REFUNDING TAXES WITHHELD
WHAT CONSTITUTES LAST KNOWN ADDRESS FOR IRS MAILINGS?
IRS Prevails Over Taxpayer In Establishing Last Known Address for Contacting Taxpayer The Facts of the Case Damian and Shayla Gregory moved in 2015. After moving, they filed their 2014 Form … [Read more...] about WHAT CONSTITUTES LAST KNOWN ADDRESS FOR IRS MAILINGS?
QUALIFIED OPPORTUNITY ZONES AND FUNDS
Individuals Who Wish to Invest in Certain Low-Income Areas Can Defer Capital Gains Until Year 2026 What Is a Qualified Opportunity Zone (QOZ)? A QOZ is an economically-distressed community … [Read more...] about QUALIFIED OPPORTUNITY ZONES AND FUNDS
ECONOMIC NEXUS – PA & PHILA. WAYFAIR UPDATE
The U.S. Supreme Court's Wayfair Decision Was a Landmark Decision that Replaced the Physical Presence Test with An Economic Nexus Test Significantly Expanding the Tax Reach of Tax … [Read more...] about ECONOMIC NEXUS – PA & PHILA. WAYFAIR UPDATE
ADVANCED PREMIUM TAX CREDIT WOES
Life Events Can Create Unexpected Financial Consequences – Why It Is Important to Communicate With Your Tax Professional Unexpected Bad News Some taxpayers received unexpected news when … [Read more...] about ADVANCED PREMIUM TAX CREDIT WOES
